Business & Investments

ADGM Announces Fee Revision for Commercial Licences Starting 2025

ADGM introduces another initiative in line with its efforts to support the seamless transition of Al Reem businesses to ADGM following its expansion to Al Reem Island last year.

  • Fee revision applies to all categories of licenses and will be applicable from 1st January 2025.

Abu Dhabi, UAE, 17th July 2024 – ADGM, the international financial centre of the UAE’s capital, has announced significant revisions to its licensing fee schedule as part of its transitional arrangements for Al Reem Island businesses.  Starting from 1st January 2025, ADGM will implement major reductions of 50% or more for obtaining non-financial and retail licences within its jurisdiction. This initiative aims to enhance ADGM’s business ecosystem, making it more attractive and accessible for various enterprises.

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Shopping & Promotions

DSS DAILY SURPRISES BRING ANOTHER WEEK OF UNBEATABLE BARGAINS FOR DUBAI SHOPPERS

Dubai, United Arab Emirates, 17July 2024:Dubai Summer Surprises (DSS) 2024 continues to bring incredible discounts and massive savings for residents and visitors with the third week of DSS Daily Surprises. Organised by Dubai Festivals and Retail Establishment (DFRE), the city’s favourite calendar of limited-time deals runs until 4 August, promising unbeatable deals on everything from fashion and accessories to beauty, homeware, and much more.

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Business & Investments

Tron Energy Technology Corporation and MAP-Tron-E, Sign MoU for Taiwanese IP Electric Bus Manufacturing in the UAE  

Dubai, UAE – July 17, 2024 – In a groundbreaking move towards sustainable transportation in the MENA region, Tron Energy Technology Corporation and MAP-Tron-E have signed a Memorandum of Understanding (MoU) to establish a joint venture dedicated to the development and manufacturing of electric vehicle (EV) buses. The MoU was signed at a formal event, last night, by Richard Huang, CEO of Tron Energy Technology Corporation, and Akshay Aggarwal, Director of MAP-Tron-E, marking a significant milestone in the UAE’s journey towards sustainability and reduced carbon emissions. 

From Left to Right: Ashrik Karan, Amit Kumar Garg, Pankaj Kaul, Chintan Sareen, Prabhakaran S, Sunil Solanki, Anil Aggarwal, Mr. Nitin Bansal.

Seated: Akshay Aggarwal and Richard Huang

This partnership aims to bring cutting-edge EV bus technology to the UAE, aligning with the nation’s commitment to environmental sustainability. The joint venture will focus on the manufacturing of electric buses across the MENA region, becoming one of the first manufacturers of electric buses in the UAE. The joint venture will also develop sustainable charging infrastructure to support faster adoption and easier use of the EV buses. This initiative is expected to revolutionize the regional transportation sector, promoting eco-friendly and efficient transit solutions. 

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Technologies

AURAK research paper delves into how Intelligent Transportation Systems (ITS) are powering the smart traffic revolution

5G and IoT enable vehicle-to-vehicle and vehicle-to-infrastructure communication, and use Intelligent Traffic Lights and Mobility Prediction for smoother traffic flow

Ras Al Khaimah, UAE, July 16, 2024: Intelligent Transportation Systems (ITS), powered by 5G and Internet of Things (IoT), are poised to take smart traffic management to the next level, creating a safer, smoother and more sustainable traffic movement in cities across the globe, according to a paper published by a group of researchers from three Middle East universities, including the American University of Ras Al Khaimah (AURAK).

The thrust of the study is the Vehicular Adhoc Networks (VANETs) – which facilitate real-time vehicle-to-vehicle and vehicle-to-infrastructure communication– using cutting-edge technology, data analytics, and communication systems, to help improve transportation networks’ effectiveness, security, and environmental friendliness, complemented by Intelligent Traffic Lights, Virtual Traffic Lights, and Mobility Prediction.

The paper quotes studies which demonstrate that ITS-based effective traffic management systems have the potential to drastically cut travel times by as much as 25%; reduce energy consumption and emissions of greenhouse gases by around 15–20 %; and reduce the number of accidents in metropolitan areas by as much as 20 %.

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Education

Canadian University Dubai joins University of Oxford to establish The Global Health Network in the MENA region

Collaboration to advance the application of artificial intelligence (AI) in public health in Asia region

July 17,2024 , Dubai, UAE: Canadian University Dubai (CUD) has signed a ground breaking agreement with the world-leading University of Oxford to host the regional MENA network of The Global Health Network (TGHN) in CUD’s Department of Public Health.

CUD has signed a groundbreaking agreement with the University of Oxford to host the regional MENA network of The Global Health Network

The collaboration designates CUD as the premier regional hub for the TGHN MENA network and implementing partner in the ‘Artificial Intelligence for Global Health in Asia’ project, which brings prominent academic institutions together with government and non-government entities to explore and advance the potential of health research capacity and AI in public health.

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